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The Mutual Bank

Package Home Loan

Advertised Rate

2.14

% p.a

Fixed - 2 years

Comparison Rate*

3.66

% p.a

Maximum LVR
90%
Real Time Rating™

2.24

/ 5
Monthly Repayment

$1,292

based on $300,000 loan amount for 25 years at 2.14%

Advertised Rate

2.14

% p.a

Fixed - 2 years

Comparison Rate*

3.66

% p.a

Maximum LVR
90%
Real Time Rating™

2.24

/ 5
Monthly Repayment

$1,292

based on $300,000 loan amount for 25 years at 2.14%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,292

based on $300,000 loan amount for 25 years at 2.14%

Quick home loan review

For Package Home Loan Fixed 2 Years (Principal & Interest)

These are the benefits of this home loan.

  • Interest rates ranked in the best 20%
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • Limited extra repayments
  • No offset account
  • Loan reverts to higher rate after fixed period
  • Ongoing fee
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Package Home Loan Fixed 2 Years (Principal & Interest)

TMD

Details

Maximum LVR

90%

Total Repayments

Next LVR

Interest rate type

Fixed - 2 years

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, QLD, VIC

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Yes - limited to $20000

Redraw facility

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

150

Application fee

0

Valuation fee

$0

Settlement fee

150

Other upfront fee

0

Ongoing fee

$395 annually

Discharge fee

200

Application method

Online

Phone

Broker

In branch

Target Market Determination

Visit The Mutual Bank to view Target Market Determination.

Other Benefits

1% discount on credit card interest rates

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $150k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 90 percent, which means it requires a minimum deposit of 10 percent

What's the maximum length for this loan?

The Mutual Bank allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

The Mutual Bank allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $150 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Where can you apply for this loan?

The Mutual Bank makes it possible to apply for this product online. Apply here.